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MARKETS / NYSE / FSM
NYSE · GOLD AND SILVER ORES

Fortuna Mining Corp. FSM

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$947.1M
▲ 39.8% YoY
$287.5M
▲ 123.3% YoY
In brief

What this company does

The company is engaged in the mining of gold, silver and base metals and related activities in Latin America and West Africa, including exploration, extraction, and processing. The company and its subsidiaries had 1,633 direct employees and 2,661 indirect employees through contractors as at December 31, 2025. As at the date of the filing, it had three operating mines, each generally considered a reportable segment: the Séguéla Mine located in northwestern Côte d'Ivoire, the Lindero Mine located in northern Argentina, and the Caylloma Mine located in southern Peru. At the Séguéla Mine, an open pit operation, ore is crushed and milled and subjected to carbon-in-leach extraction before electrowinning and refining pour the gold into doré bars. The Lindero Mine is an open pit heap leach operation in which crushed ore on a leach pad is processed through a sulphidization-acidification-recycle-thickening plant and an adsorption, desorption and recovery plant before electrowinning and refining pour the gold into doré bars. The Caylloma Mine is an underground operation worked principally through cut and fill and longhole stoping mechanized methods, with extracted ore trucked to a crushing, milling and flotation processing plant that includes zinc and lead-silver flotation circuits.

Written from the business description in FORTUNA MINING CORP.'s annual report to the U.S. Securities and Exchange Commission, filed 26 March 2026. Every sentence was checked against that document before publication.

Growth
USD 947.1M
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 947.1 · Net income 287.5
400M800M-50M-100M2016201720182019202020212022202320242025
Compound annual growth
+11.6%
+27.7%
+67.9%
+49.6%
+20.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +27.7% a year over five years — but profit grew faster: net income at +67.9%, earnings per share at +49.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
33 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 43.1% · Net 32.8%
20%40%-5%-10%-15%2016201720182019202020212022202320242025
ROE
FY2025 · ROE 18.7%
5%10%15%-5%2016201720182019202020212022202320242025

Each USD of equity produced 19 cents of profit this year.

Cash & shareholders
USD 10.3M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 10.3
20M202220242025

USD 10.3M in buybacks — 4% of the year's profit went back to shareholders.

Total assetsUSD 2.4B
EquityUSD 1.7B
CashUSD 554.0M
Current ratio2.98×

Equity funds 71% of total assets.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B0.90.70.80.70.60.30.30.30.30.2
Operating income $B0.40.2−0.0−0.10.10.10.00.10.10.0
EBITDA $B·0.40.20.10.30.10.10.10.2·
Income tax $B0.10.10.00.00.00.00.00.00.00.0
Net income $B0.30.1−0.1−0.10.10.00.00.00.10.0
EPS, diluted $0.900.41−0.17−0.440.230.120.140.210.420.13
Dividend / sh $··········
Payout %··········
ROE %18.79.7−4.1−9.85.53.0····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 51 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 44 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityGold and Silver Ores
Listed onNYSE
Incorporated inoutside the United States — SEC code A1
Fiscal year endsDecember 31
Data on record since2015

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